### **Overview** Eco Recycling Limited (Ecoreco) is India’s **first and leading professional e-waste management company**, established in 2005. As the **only BSE-listed player** in India’s organized e-waste recycling sector, Ecoreco has pioneered safe, compliant, and sustainable e-waste management and is a trailblazer in mineral recovery, data security, and circular economy practices. With over two decades of leadership, the company operates across **more than 120 countries**, serving a diverse client base including MNCs, OEMs, public and private sector institutions, NBFCs, government bodies, and households. --- ### **Business Model & Core Services** Ecoreco operates an **integrated, asset-light, and technology-driven business model** covering the entire e-waste value chain. Its end-to-end services include: - **Reverse Logistics & Collection**: Through owned fleet, third-party logistics, and innovative mobile solutions. - **IT Asset Disposition (ITAD)**: Decommissioning, inventory listing, and remarketing of used IT equipment. - **Secure Data Destruction**: India’s **only mobile data destruction facility** with on-site shredding, full audit trail, and certification under “Delete-Degauss-Destroy”. - **E-Waste & Lamp Recycling**: Using advanced technologies from the **US, Europe, and Japan**, complemented by **proprietary in-house innovations**. - **Precious & Critical Metal Recovery**: Extraction of gold, silver, palladium, nickel, cobalt, manganese, and rare earth elements from PCBs, hard drives, and lithium-ion batteries. - **Extended Producer Responsibility (EPR) Implementation**: Supporting OEMs and producers in meeting regulatory compliance and earning EPR certificates. - **CSR Enabling & Social Integration**: Collaborating with informal sector workers via skill development and franchisee-led “Take Back Points”. Notable innovations: - **Recycling on Wheels / Lamp Recycling on Wheels / Data Destruction on Wheels** - **Book My Junk** – a digital platform connecting consumers directly with recyclers - **Smart ER technology** – ₹6 crore grant recipient from TDB-DST --- ### **Operational Scale & Infrastructure** | **Metric** | **Current Status (Nov 2025)** | |-----------|-------------------------------| | **Annual Processing Capacity** | **31,200 MTPA** | | **Facility Size** | **65,000 sq. ft.** (Mumbai) with plans for further expansion | | **Future Target Capacity** | **100,000 MTPA** (management target aligned with growing demand) | | **Technology Base** | Proven international tech (US, Europe, Japan) + in-house R&D | | **Certifications** | CPCB/MPCB certified; aligned with **R2v3 standards**; member of **TERRA (The Electronics Reuse & Recycling Alliance)** – **first Indian company** in the global network | Ecoreco leverages a **hybrid logistics model**—using its own fleet in Mumbai, Pune, and nearby areas, and 4 third-party partners for pan-India transportation—ensuring secure, compliant reverse logistics with sealed containers and on-site supervision. --- ### **Strategic Initiatives (Nov 2025)** 1. **Mineral Recovery Facility Commissioning** - Currently preparing to launch a **dedicated mineral recovery facility** focused on processing: - Printed Circuit Boards (PCBs) - Hard Drives - Spent Lithium-Ion Batteries - Extracts **critical minerals** such as **cobalt, nickel, and manganese** for domestic industrial use. - **Strategic goal**: Reduce India’s import dependence on critical minerals and support national self-reliance under the **Critical Mineral Mission**. 2. **Expansion Roadmap** - Expanding to **40,000 sq. ft.** to support future capacity increases. - Plans to scale to **50,000 MTPA** and eventually **100,000 MTPA** to meet rising domestic and global demand. 3. **Policy Advocacy** - Actively advocating for a **Recycling Linked Incentive (RLI)** scheme to complement government PLI initiatives and formalize the e-waste sector. --- ### **Financial & Governance Highlights** - **Zero-Debt Balance Sheet**: Maintains strong financial stability and flexibility. - **Funding Strategy**: Historically funded expansion through **internal accruals**; future needs may be met via strategic investments or debt, but management remains committed to financial prudence. - **Recent Funding (2020)**: Raised **INR 16 crores externally** + **INR 10 crores from promoters** to scale operations. - **Revenue Streams**: - Fees from e-waste collection and processing - Sale of recovered metals (gold, silver, palladium, nickel, etc.) - EPR certificate issuance - Data destruction and ITAD services - Environmental consulting and CSR programs - **Profitability Focus**: Prioritizes **high-margin, high-value activities** and avoids low-margin bulk operations that do not improve net profit. --- ### **Market Position & Growth Drivers** - **First-Mover Advantage**: - First company in India certified by **CPCB & MPCB** for e-waste recycling. - First to introduce mobile recycling units and formal B2C e-waste collection. - **Regulatory Tailwinds**: - **Strict enforcement of EPR norms** under the **E-Waste Management Rules, 2022** is driving demand for formal recyclers. - Increasing obligations on producers and importers to meet EPR targets are fueling long-term revenue in EPR services. - **Market Trends Favoring Growth**: - Rapid **digitalization** and **shorter product life cycles** driving double-digit growth in e-waste. - Global **de-risking of supply chains** shifting OEM manufacturing to India (PLI scheme), increasing future e-waste volumes. - Rising **ESG compliance** demands from corporates and governments are boosting demand for certified recycling services. - **Global Demand for Critical Minerals**: Positions Ecoreco as a **strategic domestic supplier** of recovered metals for high-tech industries. --- ### **Leadership & Corporate Structure** - **Chairman & Managing Director**: **B. K. Soni** – industry pioneer, certified cost accountant, and contributor to Maharashtra’s e-waste regulatory framework. - **Promoter-Family Leadership**: - **Aruna Soni** – Whole-time Director - **Shashank Soni** – CFO - Family-led structure ensures strategic continuity. - **Subsidiaries & Group Entities**: - Ecoreco Park Private Limited - Ecoreco Ventures Private Limited - **EPR Compliance Private Limited** – EPR advisory and certificate management - **Ecoreco Enviro Education Pvt Ltd** – NSDC-funded skilling arm for informal sector integration - **Group Affiliation**: Part of the **TERRA Group**, enhancing global collaboration and standards alignment. --- ### **Key Strategic Partnerships** - **Ministry of Electronics and IT (MeitY)** – For advanced lithium-ion battery recycling. - **C-MET (Centre for Materials for Electronics Technology)** – Joint R&D in battery recycling. - **National Skill Development Corporation (NSDC)** – Skill development and formalization of informal sector workers. --- ### **Sustainability & Social Impact** - **Circular Economy Leadership**: Recovers over **12 precious and critical metals**, reducing environmental impact and conserving natural resources. - **Franchisee-Led Retail Model**: Expanding reach through decentralized e-waste collection via franchised “Ecoreco Take Back Points”. - **Social Inclusion**: Training and entrepreneurial support for informal sector workers, aiming to reform over **95% of India’s informal e-waste handlers**.